Prices can be slightly higher than other platforms (a result of the high fee structure) and the catalogue gears predominantly towards new collaborations, hyped releases and ultra-expensive grails. Cookies help us customize the PayPal Community for you, and some are necessary to make our site work. A listing upgrade fee is charged with any additional upgrades to your listing, such as extra categories or bolded titles. How it works:Sellers are responsible for photographing and listing their items to their shop on Etsys marketplace. Date founded. Grailed Fees Anyone else flabbergasted at Grailed's fees now? The main reason users are so upset is because they feel like there was no warning. We'll indicate which listings are subject to additional fees on your Account Summary - opens in new window or tab. We charge an insertion fee and applicable optional listing upgrade fees when you list your item for the first time, and each time it renews. For comparison, StockX brought in about $700 million last year, though that includes its other categories, which make up a smaller portion of the companys total revenue. Absolutely. Once you factor in PayPal fees, Grailed becomes a problem. When Vestiaire Collectives new CEO Max Bittner came on board in November last year, one of the first things he did to grow the seller audience was, Competing on selling fees is also important since eBay does not compete with other resellers on authentication. Click Here To Try! For anyone not in the New York area, Stadium Goods requires you to set up a seller profile and communicate online with its internal sales team, creating a bar to entry. Keep in mind that all these still depend on the subscription model of the seller. Cons But were not finished. Were going to breakdown whether that fee is reasonable, or whether youre better off selling onEbayorStockX. Ebay has been charging a 10% fee for quite a while, and Paypal charges 2.9% + 30 cents per transaction = 12.9% + 30 cents. The amount you pay depends on the listing package you choose Basic, Premium, or Plus. You can add up to 24 photos with zoom and enlarge, as well as schedule your listings to start and end at a future date and time, free of charge. Stock is limited to the product pages and catalogues the company has uploaded, meaning rare or highly specific product may be unavailable. Seller fees. If so, should I still have to worry about paying my eBay seller fees? You can now import hundreds of your sold listings in a heartbeat with all the fees & profits without having to do a thing! The fee was raised from 6% in August. But heres the kicker; Ebay offers discounted shipping labels. So if you take the Sold price - Shipping (Grailed Label) - Grailed Fee - Paypal Fee = $434.09 Your ultimate amount released to your Paypal Account. Grailedhas recently faced some backlash from users after raising their fee / commission to 9%. All you have to do is connect with your eBay account and that's it. PayPal collected their fee .80 and pulled the $1.16 to pay the sales tax. Still, in terms of depth and variety, no one holds a candle to us. But as of Tuesday, sneakers no longer carry any selling fees for pairs sold for more than $100. The site offers almost zero protection and all fraud cases are first worked through PayPal. Home cleaning often comes with the realization that youve amassed way too much stuff including in your wardrobe. EDIT: To clarify, I'm only selling new, unused products. If you want to sell on Grailed, there is a 9% seller's fee. The higher the price premium, the bigger the hype.. The website offers a traditional retail experience, with worldwide shipping and simple buying mechanics, search functionality and so forth. Payments are deposited directly into your bank account. The Best Websites To Buy and Sell Sneakers. For listing highly anticipated new releases. just wish they would launch more features for sellers rather than spending all their funding on curation stuff 4 joeharrisbeard 2 yr. ago Doesn't poshmark have ridiculous fees? But eBay, in a play to siphon sellers from other players in the sneaker resale space, has dropped selling fees for sneakers entirely. Given our current sneaker climate and demand far outweighing supply, the converse is true as well. They usually view the seller as guilty until proven innocent. As such, it is important that collectors and sellers maintain products in deadstock condition so that theyre able to realize these long-term value gains., If youre reselling hypebeast-beloved streetwear and athletic brands such as Supreme, Jordan, and Yeezy as well as in-demand collaborations with musicians like Travis Scott and Justin Bieber, Cutler says that inventory will typically see high demand and will appreciate over time. I sold an item on eBay. For example, if your registered address is in the US and you create a listing on eBay.de for which fees are due (such as insertion and/or optional listing upgrade fees), eBay will convert your funds from USD to EUR using the transaction exchange rate applicable at the time of listing, in order to collect these fees. If you are found responsible for a disputed amount as per eBay policies (e.g., chargeback), we charge a $20.00 dispute fee, excluding sales tax, for each dispute. Ebay has been charging a 10% fee for quite a while, and Paypal charges 2.9% + 30 cents per transaction = 12.9% + 30 cents. Free for many users to make an account, Grailed offers low fees for sellers. Pros That said, if you maintain a high seller score, deal predominantly in new sneakersthough GOAT does allow used pairs as wellthen you can potentially make money. Grailed mostly only sell luxury. Every sneaker is in deadstock condition, meaning brand new, unworn in the original packaging. And were still not done. 20% difference. I do best on Ebay. The conversion charge is a fixed percentage applied to the base exchange rate and retained by eBay. Enter the tax percentage you are charged. It feels like i am going in a circle. For that reason, there are other better alternatives. Thats less than half a percent difference, in favor of Grailed. I says to find it in orders/ebay and it's not there, not hing i can find and any questions regarding this Partner fee directs me to this answer. How it works: StockX works as a live marketplace where buyers place a Bid to dictate the maximum amount theyre willing to pay for a product, and sellers list items with an auction-style Ask price or a flat-rate Sell Now price. If you only offer 1-day or international shipping but no cheaper option like domestic shipping, the total amount of the sale is calculated based on the service the buyer chooses. What is a partner fee? How it works:Prospective sellers need to fill out an application through GOATs app. This fee is calculated as a percentage of the total amount of the sale, plus $0.30 per order. No. Who is this partner? https://www.finalfees.com is neither endorsed by nor affiliated with any with them, nor is the accuracy of its results guaranteed. eBay is an online marketplace where users buy and sell products. If you need to refund the buyer or cancel the sale, you may be eligible for fee credits as per our fee credits policy. The difference here compared to the Grailed method of breaking down the fees is that Paypal rolls the sales tax that the buyer pays here into your total amount, making it look like you actually sold . Stadium Goods is a similar experience to many other platforms, offering a wide array of sneakers varying in cost due to size and demand. The 500 Greatest Songs of All Time Ebay also still has a much bigger user base. You've already used your allocation of zero insertion fee listings this month. It was raised on August 12th, 2020 from 6%. For comparison, StockX brought in about $700 million last year, though that includes its other categories, which make up a smaller portion of . Good for selling: Streetwear and sneakers, celebrity collaborations, and collectibles, Popular brands:A Bathing Ape, Cactus Jack, Fear of God, Supreme. Welcome! On eBay, top sneaker stores like Stadium Goods are always open to a global audience across every time zone, so you can check out their eBay store to browse and buy the latest must-haves.. Enter the tax percentage you are charged. Good for selling:Vintage items (including clothing, accessories, and music memorabilia), handmade goods, and craft supplies. With their new Managed Payments format, that number will now be 12.35% + 30 cents. The move comes as eBay is in the midst of trying to take back its prominence in the world of sneaker resale. For sneakers, there is no authentication process in place like the robust processes that StockX or GOAT have. Grailed is a popular marketplace that is known for menswear! But, if you are willing/can afford losing an item, it's useful for a few extra sales imo. Deduction on ebay fee for outstanding seller levels and performance. . I've managed to keep 100% positive feedback, but found myself being forced to bend over backwards for some less than desirable buyers. Curious where everyone sells and what, I'm looking to get into other platforms. And what are the best ways to make sure you get the most money back from your unworn wares? I guess I was hoping to hear that "real" people work at Grailed and wouldn't just spit out the same generic responses while blindly siding with the buyer but it seems that dealing with scammers is a more common issue. The partner fee is the fee you're charged for "promoting" your listing on eBay. Keep reading to find out how you can save time and money using DoNotPay, and check out these articles from the Fight and Waive Fees product series. While the fees are a terrible deal for sellers, the lack of protection is bad for victims of fraud. For Sneakers over $100 in value, the fee is 8%. I apologize that I don't know what website you accept donations on or if they charge a fee independent from ours, but it looks like you're located in the US where our standard fee is 2.9% + $0.30 USD to receive payments. All rights reserved. For those in the New York area, selling requires almost no overhead and is very straightforward. Shipping is a flat fee, so prices are relatively straightforward. Partner fees are seller fees assessed by the website an item is sold from and are not part of the fees for using our services to receive money. Newly Improved Ebay & Etsy Import System. Listing items is not for the faint of heart. The self-described stock market of things StockX began as a marketplace to determine the actual aftermarket value of hyped sneakers. Unlike other websites, GOAT functions differently as it is predominantly geared towards buyers. Like Flight Club, Stadium Goods lets consigners set their own prices, however works with them in order to try and match market cost. The move comes as eBay is in the midst of trying to, Sneakers are a key area for growth for eBay. These platforms have, expanding their internal authentication teams, PFW Briefing: Lanvin digs into archives for partnership with beauty brand Carita, Week in Review: Milan Fashion Week edition, JCPenney kicks off Prabal Gurung collab with a Meatpacking District pop-up, Glossy Pop Newsletter: The Bold Glamour filter and just how far fake beauty can go, Este Lauder Companies Fabrizio Freda ranks second on Overpaid CEOs list. Is the partner fee basically the eBay fees when an item sells? At StockX, we only accept deadstock products meaning all sneakers, apparel, accessories, collectibles, and electronics must be authentic, new, and unworn., As a general rule, the resale values of coveted deadstock items that trade on StockX tend to appreciate over time, Cutler continues. For comparison, StockX brought in about, EBay isnt alone in lowering selling fees as a way to bring in more customers, though it is among the only ones to completely forego selling fees for one category. View cart for details. The $0.30 per order is not charged. All Rights Reserved. Thanks in advance. Sellers also like using StockX because it offers anonymity, and they can sell to buyers in over 200 countries and territories around the world. Grailed takes a commission when your items sell. If your registered address is in the US, we charge an International fee if either: This fee is calculated as 1.65% of the total amount of the sale and is automatically deducted from your sales. If you sign the petition, there may be a chance of getting the fee reduced. We may, in our sole discretion and without consent from or payment to sellers, display third-party advertisements (including links and references thereto) and listings from other sellers on any eBay page, Depending on the tax legislation of your country of residency, local Value Added Tax (VAT), Goods and Services Tax (GST) or similar consumption tax might apply in addition to your eBay fees. In both cases, you're eligible for Paypal protection, which is what you seem to have an issue with. The fees for these optional listing upgrades vary depending on your item's price and the listing format and duration. But how exactly do you sell clothing online? Its terribly misleading to potential buyers and a real shame if the cost of this service contributed to them deciding to increase their fee. Again, due to a brick and mortar location and warehouse needs, Stadium Goods commands a 20 percent flat commission from every sale, sent once your sneakers have sold. You're selling the latest version of a smartphone in used condition using a 10-day duration. All that said, I doubt Grailed actually offers their own 'protection' in many cases, if at all. A comparison of marketplace fees on eBay, Poshmark, Mercari, Etsy, Facebook Marketplace and more. Charged whether or not your item sells. Sit back and relax while we do the work. https://www.finalfees.com is neither endorsed by nor affiliated with any with them, nor is the accuracy of its results guaranteed. Getting paid:Once your sold item is successfully verified by StockXs authentication staff, you can get paid in as soon as 30 minutes if you choose PayPal as your preferred payment method or in a few hours if you choose Venmo. Pay, shop, and do even more on the PayPal app. StockX is less straightforward than competitors. For mens athletic shoes, theres no final value fee if the pair sells for $100 or more. Grailed additionally allows you to sell used sneakers as well, unlike competitors who only allow brand new ("deadstock") sneakers on site. Ebay is the most obvious competitor to compare against. Final value fee (13.25% of $7,500, + 2.35% of $2,570, + $0.30). Worth noting, on any site your likelihood of being scammed increases if you're selling hype items that appeal to a younger audience. This is just speculation, but I'm guessing they'd pay out of their own pocket if they disagree with paypal in a case. E-bay will pull their fees when they invoice me at the end of the month. Here are a few options to try. Plus, StockX physically authenticates every pair of shoes that gets sold on the platform. A partner fee is different from the PayPal fee for using our services to receive payments and will usually say in the transaction details. Our commission fee ensures that we can maintain a curated marketplace as well as develop new tools and features for both buying and selling on Grailed. Tip If your registered address is in the US, the seller currency conversion charge applied and retained by eBay is 3%. Here are some more articles to check out from the Fight And Waive Fees product series. The catalogue is similar to many competitors, and like many others only deals in brand new merchandise. Many Grailed users are very upset about the fee increase and want to know how to fight or waive the fee. From StockX to eBay, these online marketplaces will help turn your clothes and kicks (and more) into cash, Got Unworn Kicks and Closet Castoffs? The majority of products on our marketplace trade for more than their retail price, and the size of their price premium that is, the difference between resale and retail price tends to be a good measure of demand. Sneakers are a key area for growth for eBay. One stock photo from a seller with no feedback, yet it is somehow Digitally Authenticated. To put any trust in this process would be unwise. The amount we charge depends on the item's price, the format and category you choose for your listing, any optional listing upgrades you add, and your seller conduct and performance. eBay Cracks Down on Sneaker Counterfeits With Authenticity Guarantee Program Enter the total amount sold before fees & excluding shipping charges. Select Clothing, Shoes & Accessories categories: Free if starting price is $150 or more* - See: Notes for Basic fees. Free for listings in the Art, Antiques, Collectibles, and Pottery & Glass categories, An insertion fee is always charged for the second category, and fees for any optional listing upgrades apply again. Those below pay on a sliding scale, with the highest fees reaching 20 percent. Cookie Notice After your request is reviewed and approved, you can ship your item directly to Stadium Goods or drop it off at the companys Market Centers in Chicago and New York for inspection and verification. If you're a registered 501(c)(3) non-profit, then our fee is2.2% + $0.30 per transaction.
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